Times of India | US stock markets today (May 27, 2026): Wall Street stays near record highs as easing oil prices lift sentiment
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Wall Street hovered near record highs on Wednesday as a sharp decline in crude oil prices eased inflation worries and boosted investor sentiment. The S&P 500 inched up 0.1%, the Dow Jones Industrial Average rose 0.3% (171 points), and the Nasdaq Composite gained 0.1% after the previous session’s record close. Brent fell 3.7% to $95.88 a barrel and U.S. crude dropped 4.5% to $89.72, lifting stocks with high fuel costs such as Norwegian Cruise Line (up 6.8%) and United Airlines (up 6%). Technology shares tied to the AI boom continued their rally, with Micron Technology climbing 2.9% after a 19.3% surge the day before. Retailers also posted gains, led by Bath & Body Works (+14.5%) and Abercrombie & Fitch (+12%) on strong earnings. Conversely, oil majors fell on the price slide, with Exxon Mobil down 2.2% and Chevron down 1.5%, though both remain up about 20% year‑to‑date. Treasury yields slipped, with the 10‑year note at 4.47%, and global markets were mixed—European indexes rose while Asian markets were mixed, highlighted by South Korea’s Kospi jumping 2.3% on a 9.3% surge in SK Hynix driven by AI‑related demand.
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